Between 1997 and 2001, the Consumer Price Index went from 160.5 to 177.1.
Cumulatively, prices increased 10.3%, which works out to an average of
2.49% per year. Put differently, a dollar in 1997 bought what
$0.91 buys in 2001.
Common amounts: 1997 dollars in 2001
Amount in 1997
Value in 2001
$1.00
$1.10
$5.00
$5.52
$10.00
$11.03
$20.00
$22.07
$50.00
$55.17
$100
$110
$500
$552
$1,000
$1,103
$5,000
$5,517
$10,000
$11,034
$100,000
$110,343
$1,000,000
$1,103,427
Inflation by spending category, 1997–2001
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1997 spending costs in 2001, by category:
MLA: “Inflation from 1997 to 2001: $100 is worth $110 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1997-to-2001/
APA: InflationCalculator.com. Inflation from 1997 to 2001. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1997-to-2001/